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The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. Automotive sector is expected to witness significant growth owing to the low cost of lithium-ion batteries.
Industry-specific and extensively researched technical data (partially from exclusive partnerships). A paid subscription is required for full access. The global demand for lithium-ion battery cells is forecast to increase from approximately 700 gigawatt-hours in 2022 to 4,700 gigawatt-hours in 2030.
Rising demand for substitutes, including sodium nickel chloride batteries, lithium-air flow batteries, lead acid batteries, and solid-state batteries, in electric vehicles, energy storage, and consumer electronics is expected to restrain the growth of the lithium-ion battery industry over the forecast period.
It is projected that between 2022 and 2030, the global demand for lithium-ion batteries will increase almost seven-fold, reaching 4.7 terawatt-hours in 2030. Much of this growth can be attributed to the rising popularity of electric vehicles, which predominantly rely on lithium-ion batteries for power.
In 2025, the global demand for lithium is expected to surpass 1.4 million metric tons of lithium carbonate equivalent, a growth of 53 percent in comparison to 2023. Increases in battery demand for electric vehicles will be a strong driver of lithium consumption in the next decade. Get notified via email when this statistic is updated.
Advancements in the technologies used in wearable devices and consumer electronics in Asia Pacific are also fueling the Lithium-ion Battery Market Growth in the region. China accounted for the largest share of the lithium-ion battery market in Asia Pacific as it is one of the major lithium-ion battery producers in the region.
The growing demand for lithium-ion batteries is being met with an increase in manufacturing capacities. However, this capacity is not equally distributed around the world: …
In 2025, the global demand for lithium is expected to surpass 1.4 million metric tons of lithium carbonate equivalent, a growth of 53 percent in comparison to 2023.
Battery demand for electric vehicles jumps tenfold in ten years in a net zero pathway. ... even though this is strongly affected by the market price for lithium. In this regard, the Chinese …
Forecast lithium demand for batteries worldwide from 2019 to 2030, by type (in metric tons of lithium carbonate equivalent) Premium Statistic Lithium end-use share in the …
In the second half of 2020, lithium demand started to rebound, prices continued to fall until late September as the market destocked, but prices fell to unsustainably low levels, …
The global demand for lithium-ion battery cells is forecast to increase from approximately 700 gigawatt-hours in 2022 to 4,700 gigawatt-hours in 2030.
The demand for lithium-ion batteries for renewable energy storage is expected to grow significantly in the coming years. This is due to the increasing deployment of renewable …
Key factors that are driving the lithium market are rising demand for lithium-ion batteries in electric vehicles and electronic products such as smartphones, laptops, portable speakers, and tablets.
The global demand for batteries, especially lithium-ion batteries, is mainly driven by electrification of mobility, energy transition at the grid level, and largely to reduce the …
Lithium-Ion Battery Market Size. The global lithium-ion battery market was calculated at USD 74.7 billion in 2024 and is anticipated to witness a CAGR of 15.8% between 2025 and 2034. The …
Almost 60 percent of today''s lithium is mined for battery-related applications, a figure that could reach 95 percent by 2030 (Exhibit 5). Lithium reserves are well distributed …
Currently, the lithium market is adding demand growth of 250,000–300,000 tons of lithium carbonate equivalent (tLCE) per year, or about half the total lithium supply in …
Key factors that are driving the lithium market are rising demand for lithium-ion batteries in electric vehicles and electronic products such as smartphones, laptops, portable speakers, and tablets.
The future of lithium-ion batteries, including threats and opportunities, and recycling potential. Analysis of existing and potential end-uses including consumer electronics demand, glass/ceramics and other non-battery end-use …
The growing demand for lithium-ion batteries is being met with an increase in manufacturing capacities. However, this capacity is not equally distributed around the world: China was holding a...
The India lithium-ion battery market Size was valued at USD 573.07 million in 2023 and is expected to grow at a CAGR of 38.7% from 2024 to 2030. ... The rapid industrialization in …
Cars remain the primary driver of EV battery demand, accounting for about 75% in the APS in 2035, albeit down from 90% in 2023, as battery demand from other EVs grows very quickly. In …
Lithium-ion Battery Market Size & Trends. The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth …
Lithium supply and demand trends in Q3 Market oversupply, subdued spot market activity and a shift in preferred battery chemistries emerged as the most prevalent …
The global Lithium-ion Battery Market Size in terms of revenue was estimated to be worth $56.8 billion in 2023 and is poised to reach $187.1 billion by 2032, ... The global …
Rising demand for Consumer Electronics is Boosting the Demand for Lithium-Ion Battery Market. According to Custom Market Insights (CMI), The Global Lithium-Ion Battery Market size was …
Lithium-ion Battery Market Size & Trends. The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. …
Cars remain the primary driver of EV battery demand, accounting for about 75% in the APS in …
Total lithium demand by sector and scenario, 2020-2040 - Chart and data by the International Energy Agency. ... Oil Market Report - December 2024. Fuel report — December 2024 . Energy Technology Perspectives 2024. Flagship report …